R&D STRATEGIES AND FIRM INNOVATIVE PERFORMANCE: A PANEL DATA ANALYSIS

Claudio Cruz-Cázares (), Cristina Bayona-Sáez () and Teresa García-Marco ()
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Claudio Cruz-Cázares: Autonomous University of Barcelona, Edificio E, Bellaterra, 08193, Barcelona, Spain
Cristina Bayona-Sáez: Public University of Pamplona, Edificio Departamental de los Madroños, 31006, Pamplona, Spain
Teresa García-Marco: Public University of Pamplona, Edificio Departamental de los Madroños, 31006, Pamplona, Spain

International Journal of Innovation Management (ijim), 2010, vol. 14, issue 06, 1013-1045

Abstract: The aim of this research is to ascertain the effects of the different R&D strategies (RDSs) — defined asmake,buyandmake-buy— on firm innovative performance. In order to evaluate RDSs effects in a broader sense, and looking for robust results, we consider different measures of product and/or process innovations as indicators of firm innovative performance. Using panel data models for a sample of 1478 Spanish manufacturing firms during the period 1992–2005, we observe that all RDSs produce a positive influence over all innovation outputs, although the impact is greater for themake-buystrategy and lower for thebuystrategy. These effects are conditional on temporality since the greatest impact occurs one year later and that in the second year is reduced to half. Results show that thebuystrategy seems to have only short-term effects, whereas themake-buyeffects are greater and last longer. In addition, we find empirical support for our proposed argument that RDS effects on firm innovativeness are moderated by technological intensity level.

Keywords: R&D strategies; firm innovativeness; technological intensity level (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S1363919610002982

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